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SafeNetPay Services Company Limited logo

SafeNetPay Services Company Limited

United Kingdom
5.0(1 rating)ActiveEMI
View on register

Licence number

927601

Authorised since

17 Aug 2020

EEA passports

0

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
DomesticTier D

No EEA passporting on record.

Scope
SpecialistTier C

Authorised for 3 payment-services activities.

Tenure
MatureTier B

Authorised 6 years ago.

About this institution

Verified active. SafeNetPay Services Company Limited holds a current United Kingdom e-money licence issued by the Financial Conduct Authority (reference 927601). It is authorised to distribute and redeem electronic money, safeguard customer funds, and issue electronic money.

No EEA passporting is recorded for this licence. The authority remains only United Kingdom.

Data note: licence granted 17 August 2020. Operational status is active at the last cross-check. The register lists the entity under reference 927601 with active status.

Licence timeline

3 dated events

Dated events for SafeNetPay Services Company Limited, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Financial Conduct Authority register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Financial Conduct Authority

Position in the United Kingdom register

United Kingdom EMIs

474

Active

289

Full / small licences

403 / 71

Licence age rank

167/287

SafeNetPay Services Company Limited is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 167th oldest of the 287 dated United Kingdom EMI authorisations, one of 39 granted in 2020.

Is your money safe with SafeNetPay Services Company Limited?

SafeNetPay Services Company Limited holds an e-money authorisation from Financial Conduct Authority, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by the FSCS, so there is no automatic compensation payout if the firm fails.

If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.

How e-money safeguarding works → Verify on the register →

Authorised activities (PSD2 / EMD2)

Payment-services activities SafeNetPay Services Company Limited is permitted to carry out under its licence, as recorded in the register.

  • Distribution and redemption of electronic moneyEMI_DISTRIBUTION
  • Issuance of electronic moneyEMI_ISSUANCE
  • Safeguarding of customer fundsSAFEGUARDING

Frequently asked questions

Is SafeNetPay Services Company Limited a licensed e-money institution?
Yes. SafeNetPay Services Company Limited holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 927601. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
Who regulates SafeNetPay Services Company Limited?
SafeNetPay Services Company Limited is authorised and supervised by Financial Conduct Authority in United Kingdom. Its e-money licence and current status are listed on the FCA Financial Services Register at register.fca.org.uk.
What is SafeNetPay Services Company Limited's licence or FRN number?
SafeNetPay Services Company Limited's licence reference number is 927601. Enter it on the FCA Financial Services Register at register.fca.org.uk to confirm the institution's identity and that its authorisation is in force.

Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.

Other licensed institutions in United Kingdom

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Ratings & reader notes

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